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Financial Reporting Council Of Nigeria
The Financial Reporting Council (FRC) of Nigeria, formerly the Nigerian Accounting Standards Board (NASB), is an organization charged with setting accounting standards in Nigeria. On Thursday, 6 May 2021, Shuaibu Adamu Ahmed was inaugurated by the Minister of Industry, Trade and Investment, Adeniyi Adebayo, as the Executive Secretary/Chief Executive Officer of FRC. Nigerian Accounting Standards Board (NASB) NASB was established in 1982 as a private sector initiative closely associated with the Institute of Chartered Accountants of Nigeria (ICAN). NASB became a government agency in 1992, reporting to the Federal Minister of Commerce. The Nigerian Accounting Standards Board Act of 2003 provided the legal framework under which NASB set accounting standards. Membership includes representatives of government and other interest groups. Both ICAN and the Association of National Accountants of Nigeria (ANAN) each nominate two members to the board. The primary functions as defined in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lagos
Lagos (Nigerian English: ; ) is the largest city in Nigeria and the List of cities in Africa by population, second most populous city in Africa, with a population of 15.4 million as of 2015 within the city proper. Lagos was the national capital of Nigeria until December 1991 following the Government of Nigeria, government's decision to move their capital to Abuja in the center of the country. The Lagos metropolitan area has a total Population and housing censuses by country, population of roughly 23.5 million as of 2018, making it List of urban areas in Africa by population, the largest metropolitan area in Africa. Lagos is a major African financial center and is the economic hub of Lagos State and Nigeria at large. The city has been described as the cultural, financial, and entertainment capital of Africa, and is a significant influence on commerce, entertainment, technology, education, politics, tourism, art, and fashion. Lagos is also among the top ten of the world's fast ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Olusegun Aganga
Olusegun Olutoyin Aganga (born 1955) is a Nigerian politician, he was the Minister of Industry, Trade, and Investment of Nigeria from 2011 to 2015. He was first nominated by President Olusegun Obasanjo and appointed by President Goodluck Jonathan as the Minister of Finance from 6 April 2010 to June 2011. Achievements Mr. Aganga has been widely acclaimed as being responsible for many transformational milestones in Nigeria, including – establishing the country's Sovereign Wealth Fund; issuing the Nation's first ever Euro Bond; chairing the World Bank and IMF in 2010, chairing the 8th Ministerial Conference of the World Trade Organization (MC8) in Geneva in 2011 (the first African to chair these organisations); making Nigeria the premier destination for investments in Africa, and launching the country's boldest industrialization agenda. He was also responsible for structuring and financing the first standard gauge rail (Abuja to Kaduna) in Nigeria. He is also the Chairman of Marin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chartered Institute Of Taxation Of Nigeria
The Chartered Institute of Taxation of Nigeria (CITN) is a professional organization in Nigeria whose members are certified as qualified tax practitioners or administrators. Organization The CITN was formed in February 1982 and chartered by the Federal Government of Nigeria by the enabling Act No. 76 of 1992. Members of the institute may be Accounting, Legal or other professionals who have obtained the relevant tax expertise. The institute provides training and conducts examinations to determine eligibility. The CITN offers an Advanced Diploma in International Taxation to CITN members who work in international tax. The CITN has been criticized for not providing enough training to members at subsidized rates. Affiliations The CITN cooperates with the United Kingdom-based Chartered Institute of Taxation. CITN is also affiliated with the South African Institute of Tax Practitioners and the West African Union of Tax Institutes. The CITN has a working relationship with the Associati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Institution Of Estate Surveyors And Valuers
The Nigerian Institution of Estate Surveyors and Valuers (NIESV) was founded in 1969 by the few qualified General Practice Chartered Surveyors who were mostly trained in the United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North .... The Institution was recognized by the Federal government of Nigeria by the enactment of the Estate Surveyors and Valuers (Registration Act)” Decree No. 24 of 1975. The first Annual Conference of the institute was held at Ibadan in 1969. The Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) is empowered to regulate and control the practice of the profession of Estate Surveying and Valuation in the country. The Institution is affiliated to the International Real Estate Federation (FIABCI), Commonwealth Association of Surveyin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigeria Deposit Insurance Corporation
The Nigeria Deposit Insurance Corporation (NDIC) is a statutory body established by NDIC Act No. 16 of 2006 with exclusive mandate of administering the Deposit Insurance System (DIS) in Nigeria. As one of the components of the nation’s financial safety-net arrangement, the NDIC has the responsibility of protecting depositors and guaranteeing the payment of insured sums when the license of a deposit-taking financial institution is revoked by the Central Bank of Nigeria (CBN).. Organization The NDIC is a parastatal under the Nigerian Ministry of Finance. The corporation is charged with protecting the banking system from instability occasioned by runs and loss of depositors' confidence. It operates under the Nigeria Deposit Insurance Corporation Act (1990). The NDIC is a member of the Financial Reporting Council of Nigeria. The NDIC complements the regulatory and supervisory role of the Central Bank of Nigeria (CBN), although it reports to the Federal Ministry of Finance. The NDIC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Association Of Chambers Of Commerce, Industry, Mines And Agriculture
Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture is an organisation for all Nigerian state and related Chambers of Commerce of Nigeria Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf o .... NACCIMA is an organization whose goal is to further the interests of businesses in the country. NACCIMA was established in 1960. References External links NACCIMA Official Website Organizations established in 1960 Chambers of commerce {{Nigeria-org-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Accounting Association
The Nigerian Accounting Association (NAA) is a member driven association of academics in the accountancy profession. It is the successor to the defunct Nigerian Association of Accounting Teachers (NATA). NATA was established in 1972 with the objective of "contributing through research and education, to the improvement of accounting profession and accounting education in Nigeria". The NAA is an academic society aimed at advancement of the accounting discipline and accounting profession in Nigeria. Members are usually members of the Association of National Accountants of Nigeria (ANAN) and/or the Institute of Chartered Accountants of Nigeria (ICAN). NAA is a member of the Financial Reporting Council of Nigeria. As of 2011, Dr. Muhammad Mainoma was President of the NAA. Prof. Suleiman A.S. Aruwa is the current president of the association. Prof. Suleiman A.S. Aruwa also serves as the NAA contact person on the International Association for Accounting Education & Research The Interna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities And Exchange Commission (Nigeria)
The Securities and Exchange Commission (SEC) is the main regulatory institution of the Nigerian capital market. It is supervised by the Federal Ministry of Finance. The Nigerian Stock Exchange (NSE) is privately owned and self-regulating, but the SEC maintains surveillance over it with the mandate of ensuring orderly and equitable dealings in securities, and protecting the market against insider trading abuses. Formation and early years The Commission originates from the ad hoc, non-statutory Capital Issues Committee established in 1962 as an arm of the Central Bank of Nigeria. The committee became the Security Exchange Commission in 1977, and then the Securities and Exchange Commission was chartered with SEC Decree No. 71 of 1979. The commission is now chartered by the Investments and Securities Act No 45 of 1999. A second-tier securities market was established in 1985, and the market grew as the government followed a program of privatization of public sector enterprises. Wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accountant-General Of The Federation
The Accountant-General of the Federation is the administrative head of the treasury of the Federal Republic of Nigeria. The office holder is often appointed by the President of Nigeria The president of the Federal Republic of Nigeria is the head of state and head of government of the Federal Republic of Nigeria. The president directs the executive branch of the federal government and is the commander-in-chief of the Nigeri ... to serve a four years term in accordance with the constitution of the federal republic of Nigeria. The office was established in 1988 under the Civil Services reorganization Decree No. 43 of the constitution of Nigeria. Statutory duties The office holder is charged with the responsibility to manage receipts and payments of the Republic of Nigeria and to ensure that a proper system of account exists in every department of the nation's treasury and to exercise general supervision over the receipts of public revenue and over the expenditure of the feder ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auditor-General For The Federation
A comptroller (pronounced either the same as ''controller'' or as ) is a management-level position responsible for supervising the quality of accounting and financial reporting of an organization. A financial comptroller is a senior-level executive who acts as the head of accounting, and oversees the preparation of financial reports, such as balance sheets and income statements. In most Commonwealth countries, the comptroller general, auditor general, or comptroller and auditor general is the external auditor of the budget execution of the government and of government-owned companies. Typically, the independent institution headed by the comptroller general is a member of the International Organization of Supreme Audit Institutions. In American government, the comptroller is effectively the chief financial officer of a public body. In business management, the comptroller is closer to a chief audit executive, holding a senior role in internal audit functions. Generally, the title ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Nigeria)
The Federal Ministry of Finance is the government body that manages the finances of the Federal Government of Nigeria, including managing, controlling and monitoring federal revenues and expenditures. Roles of finance ministry: Some of the role of the finance ministry include collecting and disbursing government revenue, formulating policies on taxation, tariffs, fiscal management etc., preparing and managing the annual budget, preparing annual accounts for ministries, departments and agencies, managing federal debt and regulating the capital market. Leadership A senior civil servant acts as Permanent Secretary of the minister, assisting the politically appointed Minister of Finance, who is a member of the President's cabinet. Stephen Osagiede Oronsaye was appointed Permanent Secretary of the Federal Ministry of Finance on August 20, 2008. He was appointed Head of the Nigerian Civil Service in June 2009. The Permanent Secretary as of December 2009 was Dr. Ochi C. Achinivu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian Federal Ministry Of Commerce
The Federal Ministry of Commerce is a ministry department of the Nigerian government that regulates commerce. Leadership The ministry was headed by Nigerian Industrialist Charles Ugwuh from July 2007. On October 29, 2008, President Umaru Yar'Adua sacked 20 members of his cabinet, including Charles Ugwuh. In December Achike Udenwa was appointed Minister of Aviation. As of December 2009, the Permanent Secretary was Dr A.K. Mohammed. See also *Nigerian Civil Service *Federal Ministries of Nigeria The Federal Ministries of Nigeria are civil service departments that are responsible for delivering various types of government service. Each ministry is headed by a Permanent Secretary who reports to a Minister in the Federal Cabinet. Some gov ... References Federal Ministries of Nigeria Economy of Nigeria {{Nigeria-gov-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
